Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th

14th Edition

ISBN: 9781305878839

Author: Carl Warren, Jonathan Duchac, James M. Reeve

Publisher: Cengage Learning

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Textbook Question

Chapter 4, Problem 4.31EX

Appendix 2

Entries posted to wages expense account

Portions of the salaries expense account of a business follow:

Account	Salaries	Expense			Account No. 62
Date	Item	Post. Ref.	Dr.	Cr.	Balance
Date	Item	Post. Ref.	Dr.	Cr.	Dr.	Cr.
2017 Dec. 27	(1)	29	22,000		1,200,000
31	(2)	30	13,200		1,213,200
31	(3)	31		1,213,200	—	—
2018 Jan. 1	(4)	32		13,200		13,200
2	(5)	33	24,000		10,800

A. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.

B. Journalize the complete entry from which each numbered posting was made.

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Chapter 4, Problem 4.30EX

Chapter 4, Problem 4.1APR

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Chapter 4 Solutions

Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th

Ch. 4 - Prob. 1DQ Ch. 4 - Describe the nature of the assets that compose the...Ch. 4 - Prob. 3DQ Ch. 4 - Prob. 4DQ Ch. 4 - Why are closing entries required at the end of an...Ch. 4 - Prob. 6DQ Ch. 4 - What is the purpose of the post-closing trial...Ch. 4 - Prob. 8DQ Ch. 4 - What is the natural business year?Ch. 4 - Recent fiscal years for several well-known...

Ch. 4 - Flow of accounts into financial statements The...Ch. 4 - Retained earnings statement Blake Knudson owns and...Ch. 4 - Classified balance sheet The following accounts...Ch. 4 - Prob. 4.4BE Ch. 4 - Accounting cycle From the following list of steps...Ch. 4 - Flow of accounts into financial statements The...Ch. 4 - Classifying accounts Balances for each of the...Ch. 4 - Financial statements from the end-of-period...Ch. 4 - Financial statements from the end-of-period...Ch. 4 - Income statement The following account balances...Ch. 4 - Income statement; net loss The following revenue...Ch. 4 - Income statement FedEx Corporation had the...Ch. 4 - Retained earnings statement Climate Control...Ch. 4 - Retained earnings statement; net loss Selected...Ch. 4 - Classifying assets Identify each of the following...Ch. 4 - Balance sheet classification At the balance sheet...Ch. 4 - Balance sheet Dynamic Weight Loss Co. offers...Ch. 4 - Prob. 4.13EX Ch. 4 - Identifying accounts to be closed From the list...Ch. 4 - Closing entries Prior to its closing, Income...Ch. 4 - Closing entries with net income After all revenue...Ch. 4 - Closing entries with net loss Rainbow Services Co....Ch. 4 - Identifying permanent accounts Which of the...Ch. 4 - Post-closing trial balance An accountant prepared...Ch. 4 - Steps in the accounting cycle Rearrange the...Ch. 4 - Appendix 1 Completing an end-of-period spreadsheet...Ch. 4 - Prob. 4.22EX Ch. 4 - Appendix 1 Completing an end-of-period spreadsheet...Ch. 4 - Prob. 4.24EX Ch. 4 - Prob. 4.25EX Ch. 4 - Prob. 4.26EX Ch. 4 - Appendix 2 Reversing entry The following adjusting...Ch. 4 - Appendix 2 Adjusting and reversing entries On the...Ch. 4 - Appendix 2 Adjusting and reversing entries On the...Ch. 4 - Appendix 2 Entries posted to wages expense account...Ch. 4 - Appendix 2 Entries posted to wages expense account...Ch. 4 - Financial statements and closing entries Lamp...Ch. 4 - Financial statements and closing entries Foxy...Ch. 4 - T accounts, adjusting entries, financial...Ch. 4 - Ledger accounts, adjusting entries, financial...Ch. 4 - Complete accounting cycle For the past several...Ch. 4 - Financial statements and closing entries Last...Ch. 4 - Financial statements and closing entries The...Ch. 4 - Prob. 4.3BPR Ch. 4 - Ledger accounts, adjusting entries, financial...Ch. 4 - Complete accounting cycle For the past several...Ch. 4 - The unadjusted trial balance of PS Music as of...Ch. 4 - Kelly Pitney began her consulting business, Kelly...Ch. 4 - Continuing Company Analysis- Amazon: Working...Ch. 4 - Under Armour: Current ratio The following year-end...Ch. 4 - Prob. 4.3ADM Ch. 4 - Google and Microsoft: Current ratio Google, Inc....Ch. 4 - Prob. 4.1TIF Ch. 4 - Communication Your friend, Daniel Nat, recently...

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Solution Summary: The author explains the nature of the entry from which each numbered posting was made.

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